The marketplace that connects brands and independent retailers from all over Europe, arrives in Spain already counting on nearly 1,000 brands and nearly 9,000 national retailers. The platform, created in 2019, has a presence in 23 countries on the continent and this month it has achieved unicorn status, with a valuation of 1,750 million euros in just two years, after a Series C investment round of 250 million euros. euros.
With its arrival in our country, Ankorstore seeks to help brands and retailers reinvent wholesale in the country and offer them global exposure in an efficient and flexible way. “One of our key points is to promote the expansion of the spanish talentbuild the future of retail and empower independent businesses across the country,” says Nicolas Cohen, co-founder and CEO of Ankorstore. «Spanish consumers are more open to trying new and quality products, which is a perfect opportunity for retailers in the country to discover thousands of unique European brands through our platform«.
Ankorstore makes all administration easy for both sellers and buyers. Local stores and retailers can offer their customers brands that they are not usually offered through e-commerce platforms. Also, they can buy smaller quantities to test the demand, receive the product in 48 hours, avoid shipping costs from €300 and have flexible payment terms and 60 days. On the other hand, brands find in Ankorstore a new way of dealing with retailers and receive payment at the time of receipt.
With a selection of authentic brands across five key retail sectors: Home, Food, Fashion, Beauty, Kids and two new categories added, “Sport & Wellness” and “Pets”, the platform looks to scale and build its next phase in Spain.
Multiply your presence in Spain
“We multiplied our business by seven for Spanish brands between 2020 and 2021. This year, thanks to these strong investments and our teams, we intend to multiply our sales in this market by five,” says Nicolas Cohen.
The Ankorstore team in Spain will carefully select the Spanish brands and will work with them to help them grow their existing network, expand to new clients and markets, and benefit from online and retail market experience in Spain and Europe. The platform plans to hire 15 people in the first half of 2022 and continue to grow the team in the second part of the year in order to offer an exceptional level of service to users, build brand awareness and become the leading platform for the wholesale market for independent brands.
European consumer trends show increased support for local businesses and a greater interest in independent and original brands. This evolution has also been observed by Ankorstore: in 2021, the market was able to double its number of retailers and brands, going from 100,000 retailers to 200,000 and from 9,000 brands to 15,000.
